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Newton real estate market overview
- Average Monthly Rent: $625
- Home Price/Value Percentage Change: 11.00%
- Median Home Value: $228,676
- Best Time To Sell a Home: September
- Affordability Index: Moderate
- Days To Sell a House: 68
- Job Market: Fair
- Public School Ranking: 29
Location and weather
Newton is in Catawba County, halfway between Winston-Salem and Asheville. This small-town complex has a landscape made up of rolling terrain that blends into the foothills of the Blue Ridge Mountains. This ideal location makes Newton the perfect place to enjoy attractions, breath-taking views, and out-door activities.
In Newton, winters are moderate, and summers are refreshing, reaching highs in the upper 70's in January. The foothills of the mountains contribute to the pleasing climate here, where the average annual temperature is around 57 degrees.
Population, job market and cost of living
The population of Newton in 2023 is 13,202, with a growth rate of 0.14%.
The job growth has decreased by -6.5% and in ten years, is predicted to have increased by 39.79%. Newton has a very diverse industrial base, and includes companies producing fiber optic cable, automotive parts, baked goods, medical supplies, telecommunications technology, furniture and textiles. Over half of the nation's furniture is actually produced within a 200-mile radius of Newton. The major employers are GKN Driveline, United Church Homes And Services, Lee Industries, McCreary Modern Inc and Getrag. Business North Carolina magazine ranked the region as having the second-best business environment of the state's 50th largest communities.
The cost of living is low, due to Newtons real estate market and affordability of homes. With a scenic setting, ideal location, outdoor parks, low cost of real estate and a diversified job economy, Newton will continue appealing to residents looking for high quality living.
Newton real estate market details
- Ridgeview
- Kenworth
- Highland
- Mountain View
- Green Park
The average monthly rent in Newton is $625 for an average apartment size of 850 sq. feet.
There has been a 11.0% increase in median home value over the last year. As of 2023, the median home value is $228,676.
On average, homes in Newton sell after 68 days on the market.
The month of September is the best time to sell a home for the most value. The month of May is the best time to sell a home quickly.
The affordability index in Newton is 86. This number indicates moderate affordability in this city.
The top ranked public schools are South Newton Elementary, Balls Creek Elementary, Jacobs Fork Middle, Discovery High School at Newton Conover, Newton-Conover High and Fred T Foard High. This information derives from data measuring academic performance and equity.